gregoirejohnb

LONG AND STRONG

Long
COINBASE:ETHUSD   Ethereum
I hate summer. Other people love the warm days, but I hate the low volatility. Look at that sideways garbage, it makes me sick. We have to break this range sometime, and I say it should be now.

Longing ETH is better than longing BTC. Why? Since the market is highly correlated (where BTC goes, the rest of the market follows), you want to ride the fastest horse. Percentage-wise, ETH has outperformed BTC over the past 1.5 years and I expect that to continue. ETH had a successful upgrade this month and has another big upgrade in late 2021/early 2022 that should pump it too.

Stats are from 1/1/2020 to current using ~2% risk.
Trade closed: stop reached:
Sigh.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.